The “3 DE FEBRERO” communal bank is starting their sixth cycle as part of the Villa Exaltación Focal Center. It has ten members and Maribel is the president. The group is involved in diverse businesses. They include selling vegetables, kiosk attendant, selling hats, a bakery, selling salchipapas (a Latin-American fast food), selling underwear, a neighborhood store and sewing aprons.
Maribel tells us that six months ago she joined a communal bank within Por Mujer. She was invited by her mother. Currently, she has a business selling hats. She has worked for many years with her mother.
The loan she will receive now is for increasing her capital for selling hats that she will buy at the shopping malls in the city of El Alto. Later, she will sell them from her permanent stall. This form of work helps her to move forward with her family since she has a partner and a child.
When consulted about what she likes about Pro Mujer, she told us that she likes the health area.
María is not in this photo because she was at the doctor’s office.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.